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This paper reviews the empirical literature on rates of return on R&D and interprets the economic significance of these estimates using a semi-endogenous growth model with a calibrated knowledge production sector. We analyse how R&D subsidies, a reduction of entry barriers for start-ups and...
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technologyintensive manufacturing industries and is positively correlated with growth in total factor productivity across countries and … industries. Finally, the ratios between the stocks of R&D capital and tangible capital suggest marked differences in how R&D and …
Persistent link: https://www.econbiz.de/10011497063
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